3038 Coolidge Ave

Costa Mesa, CA 92626 View Map $1,250,000 Schedule a Tour
Sq.Ft. Lot6,098
Year1962
3038 Coolidge Ave Costa Mesa, CA 92626 | MLS NP21229076 Photo 1
3038 Coolidge Ave Costa Mesa, CA 92626 | MLS NP21229076 Map
White Sail Real Estate

White Sail Real Estate

(949) 673-9900

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Status: Under Contract - Under Contract
Property Type:Residential Income (Multi-Family)
MLS #:NP21229076
On Site:44 Days
Lot Size:6,098 Sq. Ft.
County:Orange
Amazing opportunity to own 3 units in an absolute prime location of Costa Mesa! Just 100 yards from Paularino elementary school, 3/4 mile from South Coast Plaza, 2 miles from John Wayne airport and close to Orange Coast College, the 405 / 73 / and 55 freeways as well as the beach. The spacious 3166 sq ft property consists of a front single story 2 bedroom/ 1 bath unit and two - 2 bedroom / 1.5 bath two story townhouse style units each with its own patio, garag, extra parking space and each unit has its own interior laundry. The current rents are $2,275, $1,925 and $1,800 for a total gross income of $72,000 annual with room for upside in rents. Expenses are actual. Property is fully occupied so please drive by only, do not walk the property or contact any tenants. Interior inspection with accepted offer. There is another similar triplex at 3041 Fillmore owned by same owner so possible 6 units. Well priced but warrants some improvement!

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:3038 Coolidge Ave Costa Mesa, CA 92626
Area:C3 - South Coast Metro
County:Orange
City:Costa Mesa
Subdivision:Costa Mesa Residential Income (Cmri)
Zip Code:92626

Architecture

Year Built:1962
Stories:2
Building Area: 3166.0
Number of Buildings: 1
Total Units: 3
Stories Total: 2
Unit 1: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,275 actual rent•$2,275 total rent•$2,500 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$1,925 actual rent•$1,925 total rent•$2,300 pro forma
Unit 3: 1 Unit•2 Beds•2 Baths•Unfurnished•$1,800 actual rent•$1,800 total rent•$2,300 pro forma
Garage Spaces: 3.0
Open Parking Spaces: 3.0
Parking Total: 6.0

Features / Amenities

Laundry: Inside
Common Walls: 2+ Common Walls

Property Features

Lot Size: 0.14 Acres / 6,098 Sq. Ft.
Lot Features: Item25UnitsAcre
Sewer: Public Sewer
Water: Public
Directions:On Coolidge Ave

Tax and Financial Info

Gross Income: $72,000
Gross Scheduled Income: $72,000
Net Operating Income: $43,673
Gardener Expense: $500
Insurance Expense: $1,900
Maintenance Expense: $2,500
New Taxes Expense: $15,000
Trash Expense: $1,250
Water/Sewer Expense: $1,417
Operating Expense: $26,167
Terms: Cash

Listing Agent/Office

Listing provided courtesy of David Sanford, Newport Apartment Group.

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3038 Coolidge Ave Costa Mesa, CA 92626
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3038 Coolidge Ave Costa Mesa, CA 92626
 
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Based on information from California Regional Multiple Listing Service, Inc. as of November 29, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.